SBI Life Insurance, a joint venture between the State Bank of India (SBI) and BNP Paribas Assurance, plans to launch a health insurance product by the end of July, 2008.

SBI Life to launch health insurance product by July end

Business Standard

&nbsp;Sunil Shah is a worried man today. He entered the market in October 2007, when the Sensex was rising by 1,000 points in a single week.

Don`t exit SIPs in a falling market

Will wait for cues from RBI before deciding course of action.

Rates to harden due to inflation, say bankers

Life Insurance Corporation of India (LIC) has set a target of selling four million policies in rural areas in the current financial year.

LIC targets to sell 4 million policies in rural areas

&nbsp;Repo rate hiked 25 basis points to 8 per cent. 
&nbsp;Banks may soon raise lending as well as deposit rates with the Reserve Bank of India increasing repo rate, or the rate at which it lends to banks, by 25 basis points to 8 per cent.

Interest rates set to go up soon

While most equity funds have performed abysmally in the last quarter, mutual fund schemes that invest overseas have bucked the trend.

Go global to beat local schemes

The new chairman of the Insurance Regulatory and Development Authority (Irda), Jandhyala Harinarayan, said he wanted the regulatory body to be "rigorous, even-handed and proactive, particularly in the interests of customers.

Irda chief speaks up for consumers

The wait for rolling out mobile banking seems to be over, with the Reserve Bank of India's (RBI) issuing draft operative norms for such payment system.

RBI sets m-banking norms

Indian mutual funds witnessed value erosion of Rs 10,000 crore last month due to a decline in share prices following the global meltdown and poor corporate results.

Funds lose Rs 10K crore in May meltdown

Yes, you are no longer dependent on parents for that extra penny, but managing the new-found financial freedom is important.

Young and Cashless

Rising prices, falling markets and now, higher interest rates - Indian consumers are in for big trouble.

More bad news...

The best way to create a good corpus for retirement is by investing at an early age.

Safety in numbers

&nbsp;In the past few years, the banking sector has given great returns. On January 14, 2008, it touched a high of 12,678.98.

Banking funds are good for every portfolio

Realty firms and non-banking financial companies (NBFCs) are finding new ways to fund themselves through debt-oriented funds.

Debt funds turn bullish on realty firms, NBFCs

Insurance buyers are keeping away from unit-linked insurance plans (Ulips) due to the continous volatility in the stock market.

Life insurance industry sees 7% drop in new sales

UTI Asset Management Company (AMC), the country's fourth-largest mutual fund, is reviewing its proposed initial public offering (IPO) in view of the turbulence in the global financial markets and the meltdown in Indian equities.

UTI MF may postpone public issue

&nbsp;Yes also raises PLR by 50 basis points.
&nbsp;While the bigger players are debating the pros and cons of raising rates, the smaller banks have already set the ball rolling.

United, Yes Bank hike deposit rates

Finance Minister P Chidambaram on Monday called for simpler insurance cover and asked companies to reach out to the rural population to increase penetration besides meeting the needs of the ageing sections of the society.

Keep it simple, FM tells insurers

Directing banking institutions to shed their conservative approach in funding young entrepreneurs, Union finance minister P Chidambaram on Monday hinted at fine-tuning the credit guarantee scheme of the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to increase its coverage.

Govt wants banks to be liberal in lending to youth

In a move to make investments in mutual funds easier, Securities and Exchange Board of India Chairman C B Bhave on Wednesday advocated the concept of depositories for mutual funds and hinted at legalising rebates that distributors give to investors.

Sebi moves to ease mutual fund investments

ICICI Bank today said it will closely monitor interest rate trends and the Reserve Bank of India's steps for managing inflation before deciding on interest rates.

ICICI retains interest rates, for now

Personal Finance: Read about the smart strategies for Personal Finance Planning, Investing, Insurance, banking, budgeting, loans Tax Planning, retirement and insurance. Browse Business Standard to learn more on Personal Finance.

Personal Finance: Investing, Planning, Retirement, Loans, & Insurance | Business Standard

Read about the smart strategies for Personal Finance Planning, Investing, Insurance, banking, budgeting, loans Tax Planning, retirement and insurance. Browse Business Standard to learn more on Personal Finance.

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